Germany’s decentralised structure with its different financial centres, access to distribution partners, fund-related regulation and Working from Home (WfH) as well as specific requirements from clients are the biggest challenges for foreign fund companies in the German market. Compared to the respective home markets of the asset managers, regulation in Germany causes considerably more work. These are the main findings of the survey “What hurdles do foreign fund houses have to overcome in the German market?” – the second after 2020 – which was conducted by the specialised communications consultancy Gerle Financial Communications (GFC).
Representatives of 18 companies that work for or provide services to foreign fund houses, mainly in Sales, took part in the online survey in February and March of this year. Participating firms came from Europe (twelve firms), North and South America (five) and Asia (one firm). Eight of the participants (44%) have been present on the German market for more than five years, three (17%) between three and five and four (22%) between one and three years. Three companies (17%) have only become active on the German market in the past twelve months. Continue Reading
Specific customer requirements, fund-related regulation and access to distribution partners are the biggest challenges for foreign investment companies in the German market – or at least they were until the Coronavirus lockdown began. The highest personal hurdle for employees and service providers of investment companies was, until recently, the fact that Germany is highly decentralised and has many different financial centres. These are the key findings of the survey “Which hurdles do foreign fund managers have to overcome in the German market?“, which was initiated by the specialised communications consultancy Gerle Financial Communications (GFC). Please find the complete results of the survey in this English press release (PDF file). Continue Reading
Unease within the British investment industry is increasing: Facing the threat of a „No Deal“-scenario there are continuous speculations about the extent of (anticipated) asset outflows due to Brexit, which companies are going to leave and how many employees they will take with them. Since the referendum the media, investment managers and national trade associations have their finger on the industry’s pulse. They predict: Small investment boutiques without any European representation will be hit particularly hard (article as PDF file) Continue Reading
While the public is waiting for the British government to begin exit talks with the European Union, many companies within the financial services industry are already preparing for a “hard Brexit” and subsequently the potential loss of free access of their services and products into the EU: Around 10,000 jobs in the British financial industry, mainly based in London, are scheduled to be relocated to another member state of the EU ─ many more are likely to follow.
This is the result of a media survey of the British and German press for the period of 20 January to 1 March 2017, done by Gerle Financial Communications. Our infographic shows the relocation of jobs by financial companies and institutions in question, as it has been announced in the media. Estimates by different think tanks and consultants for the number of jobs the City might lose due to the Brexit, range from 30,000 to 85,000 jobs.
The “Brexit”, the potential exit of the UK from the European Union (EU), is making headlines in the German media, as well. Since beginning of this year until end of February, around 13,600 articles were published in the German printed and online media about this issue. This is more than six times the amount of articles compared to the previous seven weeks following a newspaper survey which showed for the first time that a majority of the British people would vote in favour of an exit. Focus of the coverage were the EU crisis summit on February 18/19, concessions of the EU towards the UK and the announcement of a merger between the stock exchanges of London and Frankfurt, the latter irrelevant of a Brexit. These are results of an analysis by Gerle Financial Communications, a UK based PR consultancy, specialized on financial services companies.
All in all, 13,596 articles were published in the German media about the topic “Brexit” between 4th of January and 28th of February 2016; this is six times more than in the previous seven weeks and after a survey by the British newspaper The Independent had been published which said that a majority of 52 per cent of Brits would vote for an exit of their country from the EU. Over 60 per cent of those articles (8,403) were published in daily newspapers, 4,448 in online sources, 611 as newswire notes, 56 in magazines and another 43 in Sunday papers; the rest of the publications came from newsletters, supplements or Apps. Continue Reading
Since a majority of the British supported United Kingdom’s exit from the European Union (EU) for the first time, according to a survey by the newspaper The Independent end of November, the so called “Brexit” is making the news in Germany, as well. In the following six weeks after the publication of the survey more than 2,100 articles were published in the German printed and online press. Focus of the coverage was on political and economic consequences of a Brexit, mainly for the UK, as well as on negotiation efforts of the British Prime Minister David Cameron who announced an EU referendum for the first time in January 2013. These are the results of a research among 2.06 million German press articles on behalf of Gerle Financial Communications, a UK based PR consultancy specialized on financial services companies.